Companies Act 2014 section 1433

Application of section 405 to every type of company and society

Section 1433 extends the prohibition on a disqualified person acting as an auditor (as set out in section 405) to all types of companies, friendly societies, and industrial and provident societies, not just private companies limited by shares.

• Section 405 prohibits any person subject to a disqualification order from acting in relation to an audit while that order is in force.
• This prohibition applies to all companies covered by Chapter 4 of Part 14 of the Companies Act 2014, which deals with disqualification generally.
• Friendly societies registered under the Friendly Societies Acts 1896 to 2014 and societies registered under the Industrial and Provident Societies Acts 1893 to 2014 are also covered.
• The effect is that the same audit disqualification rules that apply to a private company limited by shares apply equally to every other type of company and society.